402 S 8th StGadsdenAL35901
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Gadsden at 402 S 8th St, Gadsden, AL, 35901 with 5% annual appreciation on a $181,000 basis while $2,030/mo rent supports operations. Total monthly income totals $2,030/mo and a $886/mo payment preserves $1,005/mo for cash returns. Annual cash flow comes to $12,065/yr on $60,002 deployed, and return on cash invested reaches 40.02% in year one. Equity gained on principal adds $1,168/yr, and five-year appreciation sums $50,007 alongside rental yield of 13.46%. Five-year ROI measures 210.03% and total cumulative return in cash totals $126,019.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,030/mo property income versus a $886/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1967
0.69 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35901, Gadsden, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,155 (100%) |
| Owner Occupied HU | 4,980 (54.4%) |
| Renter Occupied HU | 2,801 (30.6%) |
| Vacant Housing Units | 1,374 (15.0%) |
| Median Home Value | $220,750 |
| Average Home Value | $250,773 |
Housing Distribution
Address Breakdown
Residential
8,585
Single Family
7,914
Multi-Family
671
Businesses
1,141
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Listed by: Sharon Gilbert • Keller Williams Realty Group
Mls Name: GALMLS
Mls Provider:
Mls ID: #21418622
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.